Crypto-currency is a collection of binary data which is designed to work as a medium of exchange. Individual coin ownership records are stored in a ledger, which is a computerised database using strong cryptography to secure transaction records to control the creation of additional coins and the transfer of coins  ownership

History of crypto:-
In 1983, the american cryptographer David Chaum concieved an anonymous cyptographic electronic money called ecash. Later in 1995, he implemented it through digicash, an early form of cryptographic electronic payments which requires user software in order of withdraw notes from a bank and designate specific encrypted keys before it can be set to a recipient. This allowed the digital currency to be untraceble by the issuing bank , the government or any third party.

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